Brazil: Disney notifies CADE of Fox assets purchase

Entertainment industry behemoth Disney has formally notified the Administrative Council of Economic Defense of Brazil (CADE) of its proposed acquisition of rival Fox. In the document, Disney (Brazil) argued that the purchase would not reduce competition in the sector, nor would it create or reinforce a dominant or monopolistic position, either in Brazil or abroad.

The operation, announced in December 2017, has been approved by the US Department of Justice.

Both parties operate in the programming and distribution of audiovisual content. Legal representatives of both companies mentioned that their activities compete mainly in the distribution of films for exhibition in cinemas and in the operation of pay TV channels.

Full Content: Telaviva; Jota

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